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S&P Cuts France, Germany Still AAA

Standard & Poor downgraded the credit ratings of 9 European countries today. France & Austria received downgrades from AAA to AA+. For now Germany still maintains a AAA credit rating.

Other countries downgraded were Malta, Slovenia, Slovak Republic, Cyprus, Italy, Portugal and Spain. This creates an overall negative economic outlook for the Euro in the near future.

Greece is still struggling to avoid default of its debts, but there is little doubt that Greece will default in the near future.

Overall Impact on Forex Prices

The S&P downgrade caused EUR based currency pairs to close down for the week. The downgrade confirmed trader sentiment that the EUR is weakening. This downgrade didn’t really shock anyone, the writing has been on the wall.

While this announcement is evidence of a mid term downtrend, shorting the EUR short term isn’t necessarily the best course of action.

There are other issues which are being temporarily overlooked by the media. The US had it’s credit downgraded back in August.  With all the attention on the EUR right now, there are news items “waiting” to happen for other countries that will surface soon.

What Does This Mean for Traders?

It can be interesting to observe announcements by countries & financial corporations, but it doesn’t tell the complete story. By the time the news gets to reporting something, the effect has typically already been reflected in the price data.

Technical Analysis prevents us from getting too caught up in what we hear in the news.

The EXCITING thing about big news stories is that it creates alot of VOLATILITY. Nobody really knows what is going to happen. The news simply reports what has just happened.

I don’t try to predict what will happen in the future as a forex trader.  Volatility benefits us because we can mathematically gain an advantage from trading when there is confusion in the market. Currently there is ALOT of confusion…so there is ALOT of OPPORTUNITY.

I’ll be sharing more about how you can capture this OPPORTUNITY in upcoming blog posts, be sure you’re subscribed here so you get to learn more about how to profit from volatility.

Posted in News

Credit Card Companies BAN Forex Sites

Credit Card companies are now starting to BAN all forex trading websites. This will soon change the entire forex education industry as we know it.

Why Pick On Forex Sites?

Credit Card companies aren’t just picking on forex websites, they are starting to change their policies for other categories of websites as well.

The reason that credit card companies are turning against FOREX websites is that the overwhelming MAJORITY of Forex websites provide trading methods that DON’T WORK.

That’s right, 99% of websites claiming to teach you how to trade forex simply DON’T WORK.

It’s an ugly truth that usually isn’t talked about…

Forex Credit Card Crackdown

It started about a month ago when paypal stopped accepting payments for forex related products and services. Yesterday I received an email from my merchant (Plimus) stating that credit card companies have changed their policies and no longer accepting transactions for forex. There appears to be no appeal process, just a flat out refusal to process credit card transactions for forex websites.

While this change won’t affect Forex Brokers, it will affect websites that TEACH forex trading, or provide forex SOFTWARE.

Good News for the Consumer

This move by the credit card companies will effectively put the bogus forex websites out of business. Of course this presents a unique challenge for the handful of forex websites that ACTUALLY teach you how to make money for real with forex (like rapidforex.com).

There’s another hidden benefit for forex traders…

Using credit cards for ANYTHING is the WORST thing you can do if you’re trying to create wealth. If you understand compound interest, the last thing you want to do is to pay it…you want to trade forex so you can COLLECT it!

The Most Moral Decision

There is still time before the credit card companies get to all of the forex websites.

Here’s what I’m doing that I feel is the most MORAL decision in order to help you build wealth, trade forex, and live a better life. I’m making a few changes.

Change #1 No Banner Ads

I’ve removed the banner ads from the Rapid Forex website. There is only one method of trading that I know works, and that is portfolio hedging.

I used to allow advertisements on the website because it was profitable for me to do so. But in an effort to clean up the forex education industry, I’ll only be promoting the trading methods that put PROFITS in my POCKET directly through my own PERSONAL FOREX TRADING.

Change #2 No Credit Cards

Ok, so the credit card companies made this choice for me. From this point forward I won’t be accepting credit cards for Hedge Report membership. I’ll be accepting checks. I’ll be cutting everyone a nice deal since this requires a little extra effort.

What’s IRONIC is that the Hedge Report is more PROFITABLE than EVER.

The Hedge Report will still continue because it’s generating excellent profits for the members and I.

COMPLETE Transparency

In the next few days I’ll be posting the RESULTS of ACTUAL Hedge Report portfolio performance since the Hedge Report began. I’ll also update the website regularly in the future to show those results as they change and grow.

These are the SAME trades that I and the members of the Hedge Report have also traded.

The Hedge Report is a REAL trading method producing REAL profits for REAL traders.

I’ll also be providing a special deal for you to join the Hedge Report. Since I won’t be accepting credit cards, you won’t have to worry about getting automatically rebilled for something you’re not using. This allows you to only pay for the Hedge Report as long as you’re actually making money from using it.

This is actually a more fair deal for you

I only know of ONE method that makes consistent profits from forex trading, so that’s the ONLY method that I will be sharing with you on the Rapid Forex website. If I discover another method that actually works, I’ll share that with you as well.

So far after 15 years of studying forex, there’s only one that I’ve found that really works…

I’ll be reopening membership to the Hedge Report as soon as I can show you the updated profits we’re generating, the Hedge Report is kicking ass and making great profits. I’ll show you what they are in the next few posts.

Posted in News

The 7-11 Principle -> Turn Crap into GOLD

There is little doubt in the minds of the masses that we will encounter many challenges in 2012. As the world gets more sophisticated, we encounter more complicated PROBLEMS…

There is a solution that will help you not only overcome your problems, but also benefit from them.

My Personal Case Study

I just received some pretty startling news. News that I would be tempted to call a HUGE PROBLEM. I’ve received very little notice and I have to deal with it very soon. It’s not something that I want to deal with, but it’s something that presents an INTERESTING OPPORTUNITY for both YOU and ME (more about that later)…

I’m going to be telling you more about my problem in my next blog post. Before I tell you “what” my challenge is, I want to give you the technique that YOU can USE to CONQUER almost any challenge and turn a potentially crappy situation into a golden opportunity!

The best part is, I’ve been using this technique for over 15 years and it WORKS like MAGIC…seriously, it’s good

The 7-11 Principle

There are SEVEN (7) letters in the word P-R-O-B-L-E-M

There are ELEVEN (11) letters in the word O-P-P-O-R-T-U-N-I-T-Y

What’s the principle?

Any time you see something that looks like a PROBLEM there is a potential OPPORTUNITY hidden within it.

This applies to almost any situation you find yourself in. You being able to SEE the OPPORTUNITY requires creativity and insight, but once you learn to apply the 7-11 principle it gets easier with practice.

The Golden Age for the Problem Solver

Have you gotten tired of the MASS COMPLAINING that’s not only going on around you, but seems to be everywhere on the television?

I personally stopped watching TV and disconnected from many friends because people like to complain rather than DO SOMETHING constructive.

Complaining is one of the things that annoys me the most. But there is PURE GOLD in almost any COMPLAINT that you hear because a COMPLAINT points out a PROBLEM…and if we use the 7-11 principle, we can turn it into an OPPORTUNITY.

How to Use the 7-11 Principle

Using the principle requires some creative thought. The basic way to use it is:

1. Identify a Problem (either yourself or through someone else’s complaints)
2. List Possible Solutions (99% of problems have multiple solutions)
3. Become the Solution Provider (determine how you can benefit by solving the problem for others)

I’ve kept this process simple because it can be applied to MANY different SITUATIONS. I’ll share more specific case studies with you soon of this principle, but you can start befitting from it the NEXT TIME you encounter a PROBLEM…just think about what the potential OPPORTUNITY could be…

In my next blog post I’ll share something that I initially thought of as a PROBLEM,  but QUICKLY turned into a great OPPORTUNITY

Hint: it even creates a sweet opportunity for you

Posted in Forex Trading Mindset